WATCH: Senior Trump Economic Advisor Slams CBO, Predicts Substantial Growth

A senior economic advisor to President Donald Trump praised the Big Beautiful Bill and boldly asserted that there is “zero chance” of a recession while speaking with CBS’ “Face The Nation.”

Kevin Hassett, who currently serves as director of the National Economic Council, dismissed cherry-picked doomsday predictions like that of the Yale Budget Lab, which have been repeated ad-nauseam by Sunday show anchors this weekend. Instead, he predicted that growth will equal or surpass what was seen after the 2017-18 tax cuts package.

“Well, first of all, let’s remember that science is not democracy. Truth is not democracy. Our estimates are based on modeling that we used last time when I was chairman of the Council of Economic Advisers to say what would happen if we had a bill, how much growth we would get. And we said, and we were criticized soundly, that we would get 3 percent growth,” Hassett said.

“We run the same models through this tax bill. It’s even better. And what we’re seeing is that if you get 3 percent growth again, then that’s $4 trillion more in revenue than the CBO and these other bodies are giving us credit for. They have been wrong in the past, and they’re being wrong again in our belief,” Hassett continued, dismissing the Congressional Budget Office evaluation that counts tax cuts as deficit spending.

“But the thing that disappoints me is that if I put out a model and I say, ‘hey, here’s what’s going to happen, we’re going to get 3 percent growth.’ And then it turns out it’s 1.5 percent growth. Then as an academic economist, as a scientist, then it’s my duty to say, what did I get wrong?” Hassett continued. “What did my model miss? These people aren’t doing that. And that’s the thing that I find disappointing, because we put peer-reviewed academic stuff on the table, said ‘we’re going to get it right this time.'”

The senior White House economic advisor further noted that failure to pass the bill would have amounted to one of the largest working class tax hikes in American history, which would have surely triggered a recession, Hassett argued. “And so I don’t think that the CBO has a very strong record. I don’t think these places have a very strong record. And what they need to do is get back to the basics of looking at macroeconomic models.”